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Econometric analysis and modeling in agriculture

Abstract

Econometric analysis and modeling in agriculture

Tsvil M.M., Shumilina V.E.

Incoming article date: 17.10.2014

An econometric model, expressed as a system of simultaneous equations, must be constructed to analyze the crop production dependence on the investments amount, used fertilizer, number of tractors and sown arias.

Keywords: crop production, agriculture, linear multiple regression, the system of simultaneous equations, determination coefficient, endogenous variable.